3229 E Genesee St Syracuse, NY 13214
Office buildings
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Entity Owned
5-yr Hold
~
Est. High Equity
For Sale
1 / 8
Contact for pricing
3229 E Genesee St, Syracuse, NY 13214
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Estimated value (blended)
$3.52M
Range $3.16M – $3.87M (±10%)
Implied cap rate
6.70%
In-place · NOI ÷ last sale
Property ID
US63-3648878
Property summary
AI-generated overview
This exceptional 23,500-square-foot medical office building in Syracuse, New York, presents a unique investment opportunity. Located at 3229 E Genesee St, Syracuse, NY 13214, this Class B building sits on a substantial 149,500-square-foot lot and offers a single, spacious unit. Previously occupied by a fully functioning diabetes and dialysis center until July 31, 2023, the property boasts a large waiting area, numerous exam and dialysis rooms, a laboratory, ample practitioner offices, conference rooms, and nursing stations. The building's versatile layout allows for subdivision to accommodate various tenant needs, and the owners are open to leasing, sale, or partnership arrangements. Furthermore, the property generates additional income from a rooftop cell tower. Its convenient location offers easy access to downtown Syracuse, the eastern suburbs, and major highways. Excellent parking is available on-site. The owners are willing to consider renovations to meet specific tenant requirements. This property is ideal for owner-users or investors seeking a prime medical facility in a thriving location. The property is available immediately.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Total area
22,988 SF
Lot
3.44 ac (149,846 SF)
Zoning code
27
APN
311500 038.-16-34.0
UPID
US63-3648878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Medical Clinic
-
Physician
-
Physician
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.74M
CAP Approach
CAP
$3.63M
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$3.52M
Owner & transaction history
since 2021
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
27 · Syracuse, NY
Top alternative use upside
Neighborhood: shopping center
$2.5M
+8.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.52M
Value range
$3.16M – $3.87M
±10% around blend
Estimated value / SF
$153 / SF
Confidence
Low
3 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$3.16M
blend $3.52M
$3.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,988 SF
Lot area
3.44 ac
Year built
1990
Stories
1
APN
311500 038.-16-34.0
Assessed value
$2,541,400
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.63M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.93M
@ 6.5% CAP return
$3.63M
@ 7% CAP return
$3.37M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.53M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.9 mi away · 27,884 SF
6.2 mi away · 18,912 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.52M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 59 sales
$99
+54%
County 130 sales
$106
+44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $153/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+8%
vs current-use indication
Office Building · current use
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.70%
Selected cap rate for this office buildings
Derived from the Syracuse market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.70%
9.0%
NOI (est.)
$219k *
Last sale · Jul 2021
$2.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.27M
Move the market yield to see immediate price impact.
Value / SF
$142
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.20%6.70%7.20%
$197k
$3.18M
$2.94M
$2.74M
$219k
$3.53M
$3.27M
$3.04M
$241k
$3.89M
$3.60M
$3.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.25M
2.3 mi · Apr 2026 · $64/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$2,541,400
Assessed 2023
Previous assessed
$2,541,400
+0.0% YoY
Assessed land
$581,300
Assessed improvement
$1,960,100
Land market value
$901,240
Improvement market value
$3,038,915
Total market value
$3,940,155
Applied tax rate
311,500.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1990
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
22,988 SF
Lot
3.44 ac (149,846 SF)
Zoning code
27
APN
311500 038.-16-34.0
UPID
US63-3648878
Jurisdiction
ONONDAGA
Zoning & alternative use
27 · Syracuse, NYZoning 27 · permitted uses
27 · Syracuse, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
27
Jurisdiction
Syracuse, NY
Recorded code
27
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 27 in Syracuse, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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